Income Tax October 24, 2026
A Corrected Tax Document Arrived After Review. What Needs to Reopen?
The operational question is not whether the upload succeeded. It is whether the change reached the person responsible for deciding what happens next.
July 24, 2015
4 Facts About the IRS and E-Signatures – Infographic
Taxpayers and preparers are demanding online convenience more than ever. Due to this demand and in an effort to make electronic filling easier, new guidance from the IRS has been issued that will expand the use of electronic signatures on two ...
July 23, 2015
Webinar to Focus on LGBT Tax Planning Issues
During the past two years, there has been a lot of confusion and frustration relating to tax and financial planning for LGBT clients. While the Obergefell ruling simplified this planning in many ways, there is still a lot to understand and learn with ...
July 22, 2015
Thomson Reuters Updates Market on Affordable Care Act Compliance
In light of the Supreme Court’s King v. Burwell decision, Thomson Reuters has issued an update on the process for companies to comply with the individual and employer mandates of the Affordable Care Act.
July 22, 2015
IRS Program Offers Penalty Relief for Businesses with Unfiled Retirement Plans
The program is designed to help small businesses that may have been unaware of the reporting requirements that apply to their retirement plans.
July 22, 2015
IRS Changing Identity Theft Policy to Combat Tax ID Threats
If you have ever had a client facing identity theft, you know that the first thing they want to find out is what specific information was compromised. But, until recently, the IRS has had a policy in place that prevented identity theft victims from ...
July 22, 2015
AICPA to Congress: Compliance with Federal Tax Laws Can Hamper Small Business Growth
Lewis also recommended specific changes to the tangible property regulations that address how businesses should report the acquisition and improvement of tangible property to reduce complexity. The $500 de minimis safe harbor threshold for taxpayers ...
July 22, 2015
AICPA Tax Leader Endorses Small Business Tax Compliance Act
Says the bill encompasses recommendations proposed by the AICPA that would relieve burdens imposed on small businesses by the tax code.
July 22, 2015
IRS Has Material Weakness in Internal Controls Over Unpaid Tax Assessments
The Internal Revenue Service (IRS) is currently planning activities to address a recurring financial material weakness in its internal control over unpaid tax assessments. However, planning for the Customer Account Data Engine 2 (CADE 2) Transition State 2 (TS2) has not included specific actions and activities necessary to guide new system development efforts and to...…
July 22, 2015
4 Ways Tax Professionals Can Improve Their Tax Season
By utilizing technology for proactive engagement throughout the year, and especially early on the tax season, CPAs can improve client preparation and retention and minimize that last minute scramble in April.
July 21, 2015
Which Employee Fringe Benefits Are Taxable?
Now is the perfect time to look at the fringe benefits you provide to your employees. This specific taxation is a main focus of the IRS right now, and they recently conducted several free webinars to review the taxability of fringe benefits.
July 16, 2015
The ABCs of Higher Education Tax Breaks
One of the groups working on tax reform for the Senate Finance Committee (SFC) has just recommended that the two higher education credits and the tuition deduction be combined into a single credit. But significant tax reform is still in its infancy.
July 13, 2015
March SALT Checklist
What should you be doing in your state and local tax practice this month? Here's your SALT checklist for March.